Homework answers / question archive / 1) The circular flow diagram implies that if accounting is done correctly, the market value of the market value of A) production must exceed; expenditure B) income must exceed; production C) expenditure must equal; income D) expenditure must exceed; income 2)Step I: Go to the National Bureau of Economic Research by clicking HERE! http://admin

1) The circular flow diagram implies that if accounting is done correctly, the market value of the market value of A) production must exceed; expenditure B) income must exceed; production C) expenditure must equal; income D) expenditure must exceed; income 2)Step I: Go to the National Bureau of Economic Research by clicking HERE! http://admin

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1) The circular flow diagram implies that if accounting is done correctly, the market value of the market value of A) production must exceed; expenditure B) income must exceed; production C) expenditure must equal; income D) expenditure must exceed; income

2)Step I: Go to the National Bureau of Economic Research by clicking HERE! http://admin.nber.org/

Step II: on the Upper Right hand side, there is a "search the NBER site" box. Use it to answer the question below, by identifying articles that link elasticity to the topic.

1. Is alcohol advertising impacting the price and/or demand of alcohol?

2. How the concept of elasticity of demand is related to the commercials?

3. You need to identify/ quote the articles in your answer.